HomeAltcoinEthereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade


The C and X chains of the Ethereum (ETH) Avalanche (AVAX) challenger went down briefly when the network upgraded to a new software version.

Chain X, the blockchain exchange chain used to transfer funds, slowed down and processed only a few transactions, rendering it virtually unusable.

Block production was also halted on the C chain, the contract chain used for smart contracts.

Crypto exchanges including South Korea-based UpBit have temporarily halted AVAX transactions due to the outage.

“We are temporarily suspending AVAX deposit and withdrawal service due to AvaX wallet system verification. Once the inspection is complete, we will resume deposits and withdrawals, and will update the resumption of service through this notice.”

Kevin Sekniqi, co-founder of AVAX says a bug with version 1.9.12 caused the problems.

“The network has been unstable for a little over an hour. It was a bug with v1.9.12.”

But the issue has since been fixed with the release of another update. Sekniqi also urges Avalanche validators to update to version 1.9.14 as soon as possible.

“The fix has just been released, the network is starting to stabilize again.

Everything’s fine! I’ve been at this pushing bug fix to undo the 1.9.12 issue. v.1.9.14 has just been released, the network just needs to be updated now to fully stabilize.”

Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox

Check Price Action

follow us TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Check the latest news headlines


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Image generated: half way


Heath Tarbert joins Circle as General Counsel and Director of Corporate Affairs

In an exciting development for the global fintech industry, Circle Internet Financial has appointed Heath Tarbert as its new Chief Legal Officer and Head of...

Here is the bullish case for Ethereum Rival Solana (SOL), according to InvestAnswers

A widely followed analyst is giving a bullish outlook on the blockchain development of Ethereum (ETH) competitor Solana (SOL). In a new interview with Paul Barron,...

Rich Dad Poor Dad Author Says Biggest Real Estate Crash in History Is Coming, Calls BTC and Precious Metals the Answer

Rich Dad Poor Dad author Robert Kiyosaki once again predicts that the real estate sector will collapse and cause a severe global financial crisis. Former best-selling...

Binance Pay and Credencial Payments join forces to enable real-time crypto payments in Latin America

In a strategic alliance that aims to revolutionize the digital payments landscape, Binance Pay, the digital payments platform of the world's largest cryptocurrency exchange, Binance,...

Most Popular